Webcast Participant's questions to St Joe Co (JOE) leadership • Q2 2025
Question
A Webcast Participant asked about the earnings potential of newer ventures and the impact of recent events, including the new St. Joe brokerage, other JVs like the Fountains senior living facility, and the new FSU Health hospital.
Answer
President, CEO & Chairman Jorge Gonzalez expressed ambitious goals for the new brokerage, noting strong interest from agents and plans for expansion. He stated that JVs like the Fountains are in a lease-up phase and are expected to follow the profitable trajectory of the Watercress facility. Gonzalez described the FSU Health hospital as a 'transformational' event for the region that will move forward quickly once an operator agreement is finalized.